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Enter Symbol:
Rating: NFX
down 5.00 %

Newfield Exploration Company (NYSE: NFX) downgraded to Hold by Stifel

Tuesday,  Dec 9, 2014  8:25 AM ET by Betsy O'Brien Harrison

Stifel downgraded Newfield Exploration Company (NYSE: NFX) to Hold. Previously Stifel downgraded to Newfield Exploration Company (NYSE: NFX) to Buy with price target $32
on 01/31/2014, when the stock price was $24.77. Since then, Newfield Exploration Company's stock price has lost 5% as of 12/09/2014's recent price of $23.64.
If you would have followed the previous Stifel's recommendation on NFX, you would have lost 5% of your investment in 312 days.

Newfield Exploration Company explores, develops and acquires oil and natural gas properties primarily in the Gulf of Mexico. The company plans to continue to expand its reserve base and increase cash flow through the exploration and development of existing properties and the acquisition of proved properties with drilling upside. The company emphasizes: reserve growth through exploratory drilling, balance between exploration and the acquisition and exploitation of proved properties, strong geographic focus, control of operations/low cost structure, and use of 3-D seismic.


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